中文摘要：

以2012—2014年我国A股上市公司为样本,检验CEO激励、媒体关注与内部控制有效性之间的关系。研究发现,媒体关注能明显提升企业内部控制有效性,CEO激励能显著强化该效果,但CEO持股并未在网络媒体提升内部控制有效性方面起到调节作用。上述结论在不同产权结构的企业中有所差异。进一步检验发现,CEO激励对于内部控制有效性的提升也起到直接促进作用。研究结论肯定了媒体监督的外部治理功能,同时表明内外部治理的共同作用对于提升企业内部控制有效性更加关键。

英文摘要：

Based on the A-share companies from 2012 to 2014, this paper investigates the relationship between the media cov- erage, CEO incentives, and the effectiveness of internal control. The study reveals that the media coverage can significantly en- hance the effectiveness of internal control and CEO incentives can strengthen the effect. But CEO equity incentives do not play a regulatory role in the effect of network media with the aim of improving the effectiveness of internal control. These conclusions are different in the different property rights enterprises. Further test founds that CEO incentive can directly promote the effec- tiveness of internal control. The results affirm the governance function of media supervision and show that interaction of internal and external governance is the key to the improvement of the effective internal control.